Tennant Co (Tennant Co) Days Payable : 53.03 (As of Dec. 2023)

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What is Tennant Co Days Payable?

Tennant Co's average Accounts Payable for the three months ended in Dec. 2023 was $105 Mil. Tennant Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $181 Mil. Hence, Tennant Co's Days Payable for the three months ended in Dec. 2023 was 53.03.

The historical rank and industry rank for Tennant Co's Days Payable or its related term are showing as below:

TNC' s Days Payable Range Over the Past 10 Years
Min: 39.04 Med: 52.15 Max: 67.31
Current: 57.78

During the past 13 years, Tennant Co's highest Days Payable was 67.31. The lowest was 39.04. And the median was 52.15.

TNC's Days Payable is ranked worse than
62.88% of 2928 companies
in the Industrial Products industry
Industry Median: 76.275 vs TNC: 57.78

Tennant Co's Days Payable declined from Dec. 2022 (61.27) to Dec. 2023 (53.03). It may suggest that Tennant Co accelerated paying its suppliers.

Tennant Co Days Payable Historical Data

The historical data trend for Tennant Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tennant Co Days Payable Chart

Tennant Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.98

61.65

63.68

67.31

60.55

Tennant Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															61.27	61.67	57.74	55.88	53.03

Competitive Comparison of Tennant Co's Days Payable

For the Specialty Industrial Machinery subindustry, Tennant Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tennant Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tennant Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tennant Co's Days Payable falls into.

Tennant Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Tennant Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (126.1	+	111.4)	/	2 )	/	715.8	*	365
=	118.75					/	715.8	*	365
=	60.55

Tennant Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (98.5	+	111.4)	/	2 )	/	180.6	*	365 / 4
=	104.95					/	180.6	*	365 / 4
=	53.03

Tennant Co Days Payable Related Terms

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Tennant Co (Tennant Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tennant Co (NYSE:TNC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TN1:Germany

Address

10400 Clean Street, Eden Prairie, MN, USA, 55344

Website

https://www.tennantco.com

Tennant Co is a manufacturer of floor cleaning equipment, wood flooring, and wood products. It operates in four geographic business units including North America; Latin America; Europe, Middle East, Africa; and Asia Pacific. The company offers products and solutions consisting of mechanized cleaning equipment, detergent-free, and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions.

Executives

Kristin A. Stokes	officer: Interim General Counsel	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Donal L Mulligan	director	ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Steven Alan Sonnenberg	director	EMERSON PROCESS MANAGEMENT - ROSEMOUNT, 8200 MARKET BOULEVARD, CHANHASSEN MN 55317
David W. Huml	officer: Sr. VP, Global Marketing	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Richard H. Zay	officer: Senior VP, The Americas	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Carol E. Mcknight	officer: Senior VP and CAO	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Azita Arvani	director	1522 LOMA DRIVE, HERMOSA BEACH CA 90254
Carol S Eicher	director	ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Andrew P. Hider	director	10400 CLEAN STREET, EDEN PRARIE MN 55344
Chris Killingstad	director, officer: President and CEO	C/O TENNANT COMPANY, 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Fay West	officer: Senior VP, CFO	1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Barb Balinski	officer: SVP, Innovation & Technology	10400 CLEAN STREET, EDEN PRAIRIE MN 55344
Timothy R. Morse	director	C/O YAHOO! INC., 701 FIRST AVENUE, SUNNYVALE CA 94089
David S Wichmann	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752
Daniel E. Glusick	officer: SVP, Operations	10400 CLEAN STREET, EDEN PRAIRIE MN 55344-2650